Electronics Industry Continues to Show Resiliency Despite Rising Labor Costs and Recruiting Difficulties
According to IPC’s January Sentiment of the Global Electronics Manufacturing Supply Chain report, 75 percent of electronics manufacturers are experiencing rising material costs, while 74 percent indicate that labor costs are on the rise.
North American EMS Industry Down 2.7 Percent in December
IPC announced today the December 2022 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.36.
North American PCB Industry Sales Down 1.7 Percent in December
IPC announced today the December 2022 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 0.87.
The IPC Board Welcomes New Director of North American Government Relations
IPC announces the addition of Jeffrey Goldberg as director of North American government relations to its staff at IPC’s offices in Washington, D.C.
Volatility and Uncertainty will Continue to Influence Economic Outlook in the Early Months of 2023
COVID-19, Russia’s invasion of Ukraine, soaring global inflation rates and recession fears were major contributors to the cloud of uncertainty in 2022 and also to slower global economic growth, per IPC’s December Economic Outlook report.
Industry Demand Holding Up Despite Deteriorating Economic Outlook, High Costs Continue to Create Challenging Conditions for Electronics Manufacturers
Per IPC’s December Global Sentiment of the Electronics Supply Chain Report, over the next six months, manufacturers expect to see continued increase in both labor and material costs. Ease of recruitment and profit margins are likely to remain challenging.